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Oct 4, 2012
10/12
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the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better situation, testing its viability in the financial market. the dax going up and down as a result. factoring in economic news from the united states, which was also mixed. some good, some bacteria and waiting for spain to make a decision on whether it would take help from the european bailout fund. it hopes to get an explanation, perhaps, from mario draghi, the president of the ecb after the central bank will have met. >> let's take a closer look at some of the market members. teh dax close the day almost a quarter percent up. the euro stoxx 50 close to just a tad down at 2492
the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better...
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Oct 2, 2012
10/12
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. -- socially-just market economy. for some, he represents welfare cuts that were pushed through in the previous government. >> i'm not jumping for joy. the fact of the matter is, he is what we've got. >> he is a good candidate to meet chancellor merkel. we need a sound program, a united party, and a candidate who can champion that program. that will improve our appeal to voters. >> the party's ste left wing party's stinb -- the party boss left wing is behind -- the party's left wing is behind steinbruck. >> our correspondent has been following this note. tell us more about -- this vote. tell us more about steinbruck and merkel. how do they actually differ? >> not very much. from 2005 to 2009, peer steinbruck was merkel's finance minister. he was initially opposed to a stimulus package. he later changed his mind. that is because he is a pragmatist, like angela merkel. during that time that they work together, he shaped, in a very important way -- they worked together, he shaved, in a very important way, per economic th
. -- socially-just market economy. for some, he represents welfare cuts that were pushed through in the previous government. >> i'm not jumping for joy. the fact of the matter is, he is what we've got. >> he is a good candidate to meet chancellor merkel. we need a sound program, a united party, and a candidate who can champion that program. that will improve our appeal to voters. >> the party's ste left wing party's stinb -- the party boss left wing is behind -- the party's...
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Oct 3, 2012
10/12
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the bio economy association consists of 80 industry leaders. they players -- big players like chemical producers, to them, the association is an investment in the future. >> the future of the industry is green. everyone talks about sustainability. we walk the walk and frankly we have no other choice. the oil wells will not float forever. >> oil refineries still loom larger, but the winds are changing. >> not to an update from somalia where african union and somali troops have consolidated their grip on a city there. >> the southern port was the last urban stronghold of the islamist militia which made what it called a tactical retreat over the weekend. the al qaeda-linked militants were driven out of the capital last year and continue to control parts of southern somalia. finally, the world's biggest brief is in even worse shape than thought. a new study shows of st.'s great barrier week -- great barrier reef has lost over half its coral in just a single generation. >> this trillion institution of marine science says the pace of damages kicking
the bio economy association consists of 80 industry leaders. they players -- big players like chemical producers, to them, the association is an investment in the future. >> the future of the industry is green. everyone talks about sustainability. we walk the walk and frankly we have no other choice. the oil wells will not float forever. >> oil refineries still loom larger, but the winds are changing. >> not to an update from somalia where african union and somali troops have...
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Oct 4, 2012
10/12
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KCSMMHZ
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still, though the economy is in recession, perhaps rate cut are still a possibility in the eurozone. nonetheless, the situation irritated the markets. the stock market was not able to do much. it did strengthen the euro. that really went up, probably not least because of the statement also by mario draghi that the ecb would be ready today to start its bond buying program -- if spain does request help from the esm and fulfills the conditions. >> let's take a closer look at the numbers. the dax ended the day 1/4 of 1% down. euro stoxx 50 slowed about the same amount. across the land to, the dow jones is currently going up -- across the atlantic, the dow jones is currently going up. >> italy is sitting on an even bigger mess -- mountain of debt than previously thought. officials have revised the tally upwards to 120.7% of gdp for last year. >> next year, the government expects it to increase even more to over 126%, more than double the debt limit allowed under the eu stability and growth pact. italy continues to struggle under the weight of recession. that has also pulled down its econo
still, though the economy is in recession, perhaps rate cut are still a possibility in the eurozone. nonetheless, the situation irritated the markets. the stock market was not able to do much. it did strengthen the euro. that really went up, probably not least because of the statement also by mario draghi that the ecb would be ready today to start its bond buying program -- if spain does request help from the esm and fulfills the conditions. >> let's take a closer look at the numbers. the...
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Sep 26, 2012
09/12
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it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spend money in october as they had been answered timber, but they are more pessimistic about their income in the future, fearing it could drop considerably -- germans are as willing to spend money in october as they had been in september. let's take a look at tuesday's market action. things are actually pretty good on the markets. let's kick off in frankfurt where the gap had finished up -- not by a whole lot, but still green on the screen -- where the dax had finished up. across the atlantic, the dow down by 0.5% at this hour, and on currency markets, the year of trading a little bit lower against the greenback, $1.2910. austrian skydiver -- an austrian skydiver is preparing for a historic feat. in two weeks, he aims to be the first pers
it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spend money in october as they had been answered timber, but they are more pessimistic about their income in the future, fearing it...
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Sep 28, 2012
09/12
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france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister, who is seeking to avoid a bailout. spain says they will ask for around 40 billion euros of the total sum, while the rest may be able to be raised by the banks themselves. the european commission welcomed the results. >> let's take a look at markets. european shares were on a bit of a roller coaster ride this friday. after moving higher in early trading, that ultimately finished the week on a down note. our correspondent sent us this summary from frankfurt. >> spain remains in the focus of international investors, also here on the frankfurt floor where
france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister,...
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Sep 29, 2012
09/12
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WTTG
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. >>> let's send it down to jimmy roberts. >> thanks very much, here with davis love. a good night for the american team. what did you tell your team last night? >> didn't tell them much. great job and let's go do it again tomorrow. they're getting more and more sold on this concept that we're just going to keep letting guys take turns and play and go out and get them. they're relaxed. phil, tiger, jim, steve, all the veteran guys have been great leaders and they're doing great. they're having fun and you know, we just didn't get off to a good start yesterday in the morning, but in the afternoon we did. >> let's talk about tiger for a moment. for the first time in his ryder cup career, he's sitting. i told them, somebody's got to be the first guy to sit you down. we're all tired. i have a feel iing we need to a
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. >>> let's send it down to jimmy roberts. >> thanks very much, here with davis love. a good night for the american team. what did you tell your team last night? >> didn't tell them much. great job and let's go do it...